Thiel has been a big backer of the Seasteading Institute, which seeks to build sovereign nations on oil rig-like platforms to occupy waters beyond the reach of law-of-the-sea treaties. The idea is for these countries to start from scratch--free from the laws, regulations, and moral codes of any existing place. Details says the experiment would be "a kind of floating petri dish for implementing policies that libertarians, stymied by indifference at the voting booths, have been unable to advance: no welfare, looser building codes, no minimum wage, and few restrictions on weapons."

This idea is so epic fail it's almost epic win. Looser building codes, on the ocean, where huge storms happen. It would be so awesome to build a real home next to a guy who made his home out of tree branches and chicken wire. But that's ok, because everyone will have machine guns. God I hate Ayn Rand.......